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South Bend <br />Redevelopment Commission <br />227 West Jefferson Boulevard, Room 1308, South Bend, Indiana <br />Redevelopment Commission Agenda Item <br />DATE: 6/9/2025 <br />FROM: Joseph Molnar, Assistant Director <br />Growth & Opportunity <br />SUBJECT: Budget Request Advantix Development <br />Funding Source* (circle) River West; River East; South Side; Douglas Road; West Washington; RDC General; Riv. East Res. <br />* Funds are subject to the City Controller's determination of availability; if funds are unavailable, as solely determined by the City Controller, then the <br />authorization of the expenditure of such funds shall be void and of no effect. <br />PURPOSE OF REQUEST: $250k Budget Request to support the Advantix Development Project <br />SPECIFICS: On July 11, 2023, the Board of Public Works approved a Purchase Agreement with Advantix <br />Development Corporation for the sale of City owned 35 parcels and on July 13, 2023, the RDC also approved a <br />Purchase Agreement with Advantix for 8 parcels in support of a scattered site Low Income Housing Tax Credit <br />(LIHTC) application. In November of 2023, Advantix was awarded LIHTC credits by the State of Indiana for the <br />project. <br />In total, the project will consist of 50 low-income housing units built throughout northwest and westside <br />neighborhoods in South Bend on a lease to own model with a total construction cost of over $14,000,000. <br />Advantix has also worked with City planning to ensure that the houses are built to match the neighborhood <br />character of the neighborhoods. With that intention, Advantix is using the City of South Bend Pre-Approved <br />housing plans. The requested $250,000 will be used to aid Advantix to ensure the quality of the construction of <br />the housing units. Construction is expected to begin later this summer. <br />The Advantix project will activate long vacant properties, provide quality affordable housing opportunities for <br />South Bend residents, and invest significant resources on the near west and west side of the City. <br />Staff recommends approval. <br />_________________________Pres/V-Pres <br />ATTEST: __________________Secretary <br />Date: ____________________ <br /> APPROVED Not Approved <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />June 12, 2025 <br />